Stocks Rose to Three-Week High in Tokyo as Yen Weakened

Posted by Chris Advincula on Nov 12, 2013 5:35:00 AM

The stock market in Tokyo rallied to a near three-week high on Tuesday, as manufacturers and exporters benefited from the weaker yen. Dollar-yen rose to 99.75 from 99.10 (+0.65%). The benchmark Nikkei average rose 2.2 percent on the day to close at 14,588.68, the highest level since Oct. 23.

The Topix rose 1.7 percent to 1,205.41 and all of its 33 participating stocks were in positive territory. Exporters like Sony Corp. rose 3.6 percent while Advantest Corp. rose 3.2 percent .

Chris Advincula

WorldWideMarkets, Ltd.

YEN550AM.11.12 resized 600

Chart: WorldWideMarkets Alpha Trader

High Risk Investment Warning: WorldWideMarkets, Ltd. believes that customers should be aware of the risks associated with Over-the-Counter (OTC) market. In the OTC market, a retail customer trades directly with a counterparty and there is no exchange or central clearing house to support the transaction. The OTC market is highly speculative in nature, which can mean prices may become extremely volatile. Since low margin deposits are only typically required, an extremely high degree of leverage is obtainable in OTC trading. A relatively small market movement will have a proportionately larger impact on the funds you have deposited. Since the possibility of losing your entire cash balance does exist, speculation in the OTC market should only be conducted with risk capital that you can afford to lose, and which will not dramatically impact your lifestyle.

WorldWideMarkets Community

Forex Trading, Market News & Technical Analysis

Stocks Rose to Three-Week High in Tokyo as Yen Weakened

Tools & Educational Resources

READY TO TRY THE MARKETS?